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China's July economic report card: New growth engines gaining momentum

02:25

High-tech manufacturing is powering China's economy, with industrial output up 5.3% in the first seven months and high-tech manufacturing surging almost 14%, while trade is also holding firm with double-digit import and export growth. China's transition from quantity to quality is accelerating, with room for further policy support. CGTN's Yu Hongyu explains. 

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